LexisNexis‘ legal and professional practice has acquired media management company Moreover Technologies for an undisclosed sum as LexisNexis aims to grow its presence in the market for news monitoring and distribution.
Tom Ogburn, managing director of the global business insight solutions division at LexisNexis, said Monday the acquisition will result in the release of a LexisNexis platform that manages, analyzes and shares business-related data from current events.
Next year, the company will launch LexisNexis Newsdesk, which will work to combine the current-awareness and content integration functions of Moreover’s Newsdesk, Metabase and Search Engine Toolkit.
LexisNexis said Newsdesk will work to aggregate, integrate and analyze news, business, web, social media and broadcast media content and feature a mobile-enabled and multilingual user interface.
Other features will include alerts, newsletter, rights management and trend analytics, the company said.
Paul Farrell, president of Moreover, said he expects the acquisition to grow the offering’s presence in international markets.